- Casino revenue in Maryland fell last month.
- National Harbor Casino and Rocky Gap Casino experienced revenue increase.
- Many lawmakers are still pushing for sports betting regulation in MD.
Maryland is now home to several top casino venues. These casinos have helped to bring the state serious money over the years. Unfortunately, casino revenue in Maryland dropped last month.
It’s not any major cause for concern. Gambling revenue is always fluctuating around the country. Today, we’re going to look at how much casino earnings fell last month. We’ll also take a quick look at the state of Maryland’s casino industry.
Maryland’s Road to Casino Legalization
Maryland has a fascinating history of gambling regulation. Back in the 1800s, a huge number of gambling venues were operating in this state. Lawmakers began to get concerned over the growing rates of crime associated with the gambling industry, and eventually implemented a complete gambling ban.
Over the next century, the state government began taking a closer look at gambling legislation. In 1920, the state formed a Racing Board to oversee the state’s horse race gambling industry. In the 1940s, lawmakers here legalized slot machine gambling and before long, there were slots everywhere.
Slots were once again banned in 1963 and eventually, all traditional forms of gambling were banned in Maryland. In 2010, this all changed once again! Lawmakers here allowed Maryland residents to vote on casino legalization. The voters approved these casino plans and by 2012, several casino venues began operating in this state.
Casino revenue in Maryland quickly began to increase. Gambling proved to be extremely popular here and casinos helped to draw in tourists from nearby states. Unfortunately, revenue from this industry dropped last month.
Casino Revenue in Maryland Falls Short in September
On Monday, the Maryland Lottery and Gaming regulatory board released the state’s gambling revenue figures. According to this report, the state’s six casinos brought in a combined $142.2 million in September. This represents a 1.1% decline from the same month in 2018.
Slot machines brought in $93.5 million last month, not far under the norm. Table game revenue brought in just $48.7 million.
Interestingly, only two casinos in this state managed to increase their revenue in September. The National Harbor Casino, which reported a 6% revenue increase, and Rocky Gap Casino Resort, which saw its revenue grow by 3.2%. The other four casinos operating in this state saw their revenue decrease in September.
Overall, the state managed to bring in $59.2 million last month. Much of this revenue will go to keep the state’s horse racing industry up and running.
There isn’t much to be worried about. Gambling revenue here fell by just 1.1%. It’s very likely that gambling earnings will bounce back in October.
Legal Sports Betting Push Continues in Maryland
Maryland is now heavily invested in its gambling industry. The state uses its casino revenue to fund various projects. Unsurprisingly, several lawmakers here are now working to open up additional forms of gambling.
In May of 2018, the US Supreme Court struck down PASPA. Now, every state in the country can set laws on sports gambling. 19 states have begun regulating their sports betting platforms. Many more have legislation pending to open their sports betting markets.
Maryland House Bill 989 was presented in the state’s legislature in February of 2018. This bill allows for the creation of a task force to “study the implementation of sports gaming in the state.” Unfortunately, it failed to pass in the 2018 legislative session and it seems unlikely that sports betting will be made legal here in 2019.
Many believe that Maryland will choose to regulate sports gambling next year, though. It would help to generate millions of additional dollars for the state every single year.
There are many fantastic online casinos in MD operating right now. Most of these sites offer a massive range of different gambling options. Feel free to check them out today!
Stay tuned for more Maryland gambling news over the next few months!